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Datacentrix suffers 28% profit loss

Johannesburg - Information‚ communication and technology group Datacentrix [JSE:DCT] on Tuesday reported a 27.86% drop in diluted headline earnings per share for the six months ended August to 18.9 cents from the previous years’s 26.2 cents.

“The group has seen a significant improvement in trading conditions in the second quarter of the fiscal year after a particularly constrained first quarter‚” Datacentrix said.

The group’s revenue grew by 7% to R976m from the previous period’s R912m.

“Revenue was stronger in the commercial sector‚ whilst performance in the public sector deteriorated further.

Datacentrix has made considerable investments in growing competencies and capabilities organically‚ therefore bearing a significant portion of the investment costs during the reporting period‚” it said.

The group declared an interim dividend of 11.25 cents per share.

Datacentrix said that its growth strategy and consequent investments have positioned it well to compete effectively in these selected areas of growth‚ particularly in the private sector.

“The group believes there could be benefits derived from targeted acquisitions‚” it said.

Datacentrix shares fell 4.26% to R4.50.


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